5743 Magnolia Ave, Riverside, CA 92506

Attention Buyers!! Seller assisting with buyer's closing cost!! Discover a rare gem in Riversides coveted Wood Streets Historic District a stunningly reimagined Spanish Colonial Revival that seamlessly blends timeless architecture with modern upgrades and exceptional investment potential. This beautifully updated 3-bedroom, 1-bath home sits on a spacious lot with alley access and includes proposed plans for a detached 3-bedroom, 3-bath ADU, offering approximately 1,200 sq ft of additional living space ideal for multigenerational living or future rental income. Enjoy the welcoming front porch to the rich architectural details throughout, every inch of this residence has been thoughtfully enhanced. Step into the formal living room and take in the striking barreled ceiling, abundant natural light, and sleek, state-of-the-art fireplace that anchors the space with modern elegance. Recent upgrades include: Brand-new laminate flooring and baseboards Eye-catching Moroccan tile accents New interior and exterior doors Reimagined kitchen with quartz countertops, stainless steel appliances, and a walk-in pantry Fully remodeled bathroom with dual vanities and designer tile All-new electrical and plumbing system Tankless water heater and recessed lighting throughout Recently installed mini-split systems for efficient cooling, alongside the existing swamp cooler Dedicated laundry room with updated hookups and finishes. The expansive backyard offers endless possibilities from outdoor enterta